SBA 7(a) lenders in Tallapoosa, AL
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
25 institutions have SBA 7(a) loans on record in Tallapoosa, together $50.2M across 57 loans. Live Oak Banking Company is the largest, with 42% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 10 | $21.3M | 42.3% | 0.00% |
| 2 | Valley National Bank | 7 | $4.6M | 9.1% | 0.00% |
| 3 | FirstBank | 2 | $3.7M | 7.4% | 0.00% |
| 4 | Renasant Bank | 2 | $3.6M | 7.1% | 0.00% |
| 5 | Metro City Bank | 3 | $3.1M | 6.2% | 0.00% |
| 6 | PromiseOne Bank | 3 | $2.1M | 4.2% | 0.00% |
| 7 | First Financial Bank | 2 | $1.9M | 3.8% | 0.00% |
| 8 | Community Bank of Mississippi | 1 | $1.7M | 3.3% | 0.00% |
| 9 | BankUnited, National Association | 1 | $1.6M | 3.2% | 0.00% |
| 10 | First Western SBLC, LLC | 1 | $1.3M | 2.5% | 0.00% |
| 11 | First National Bank of Pennsylvania | 1 | $1.2M | 2.4% | 0.00% |
| 12 | Byline Bank | 1 | $960K | 1.9% | 0.00% |
| 13 | First Merchants Bank | 1 | $822K | 1.6% | 0.00% |
| 14 | BayFirst National Bank | 3 | $412K | 0.8% | 0.00% |
| 15 | Newtek Bank, National Association | 1 | $400K | 0.8% | 0.00% |
| 16 | Wells Fargo Bank National Association | 4 | $399K | 0.8% | 0.00% |
| 17 | AuburnBank | 1 | $350K | 0.7% | 0.00% |
| 18 | Newtek Small Business Finance, Inc. | 1 | $296K | 0.6% | 0.00% |
| 19 | Independence Bank | 1 | $150K | 0.3% | 0.00% |
| 20 | PNC Bank, National Association | 6 | $130K | 0.3% | 0.00% |
| 21 | MidSouth Bank | 1 | $125K | 0.2% | 0.00% |
| 22 | Central State Bank | 1 | $100K | 0.2% | 0.00% |
| 23 | Readycap Lending, LLC | 1 | $69K | 0.1% | 0.00% |
| 24 | Columbia Bank | 1 | $50K | 0.1% | 0.00% |
| 25 | Truist Bank | 1 | $15K | 0.0% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Other services | 9 | $10.4M | 20.7% |
| 2 | Retail trade | 14 | $10.2M | 20.4% |
| 3 | Agriculture, forestry & fishing | 5 | $10.2M | 20.4% |
| 4 | Accommodation & food services | 8 | $7.1M | 14.1% |
| 5 | Manufacturing | 2 | $3.2M | 6.4% |
| 6 | Health care & social assistance | 5 | $2.8M | 5.7% |
| 7 | Arts, entertainment & recreation | 2 | $2.5M | 5.0% |
| 8 | Construction | 4 | $2.2M | 4.4% |
| 9 | Transportation & warehousing | 1 | $544K | 1.1% |
| 10 | Real estate & leasing | 1 | $350K | 0.7% |
| 11 | Manufacturing | 1 | $300K | 0.6% |
| 12 | Wholesale trade | 1 | $150K | 0.3% |
| 13 | Professional & technical services | 2 | $142K | 0.3% |
| 14 | Retail trade | 2 | $35K | 0.1% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.